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Stock Market & Financial Investment News

News Breaks
March 20, 2014
14:01 EDTCBTCabot to sell Security Materials business to SICPA for about $20M
Cabot has entered into an agreement to sell its Security Materials business to SICPA for approximately $20M in cash consideration. The Security Materials business utilizes patented spray pyrolysis technology for brand protection activities and advanced nanotechnology for covert taggant applications. Headquartered in Lausanne, Switzerland, SICPA is the leading global provider of security inks, authentication and traceability solutions and services for banknotes, security documents and consumer products. In fiscal 2013, the Security Materials business generated $7M in revenue. The acquisition is expected to close by the end of fiscal year 2014, pending regulatory approvals.
News For CBT From The Last 14 Days
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February 1, 2016
16:22 EDTCBTCabot expects to reduce costs by approximately $55M in 2016
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16:21 EDTCBTCabot reports Q1 adjusted EPS 51c, consensus 52c
Reports Q1 revenue $603M, consensus $704.75M.
06:05 EDTCBTCabot says CEO Patrick Prevost 'not yet ready' to resume responsibilities
Cabot provided an update on the status of President and CEO Patrick Prevost's medical leave of absence. "Patrick has been increasingly engaged with the management team and the Board of Directors and he has been participating in various meetings in the office, in addition to working from home," said John O'Brien, Cabot's Non-Executive Chairman of the Board, speaking on behalf of the Board of Directors. "While Patrick continues to focus on his recovery, he is not yet ready to resume his full-time CEO responsibilities. As such, the Interim Office of the Chief Executive Officer will continue to report to the Board of Directors."

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